ICE cotton bounces back on technical support, weaker US dollar
ICE cotton futures rebounded from a one-month low, supported by technical buying and a weaker US dollar following a credit rating downgrade. July 2025 cotton rose 0.75 cent to 65.64 cents/lb, though it remains down 278 points over 10 sessions. Broader agricultural optimism and short covering aided gains. US planting progress reached 40 per cent, while Brazil’s May cotton exports fell 15.44 per cent.
ICE cotton futures rebounded from a one-month low, supported by technical buying and a weaker US dollar following a credit rating downgrade.
July 2025 cotton rose 0.75 cent to 65.64 cents/lb, though it remains down 278 points over 10 sessions.
Broader agricultural optimism and short covering aided gains.
US planting progress reached 40 per cent, while Brazil’s May cotton exports fell 15.44 per cent.
